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(SHILPAMED) Shilpa Medicare complete technical analysis [charts+indicators] | Buy/Sell Shilpa Medicare | (SHILPAMED) share price targets

Complete technical analysis of Shilpa Medicare (SHILPAMED) by charts plus indicators, forecast predictions and share price targets for Shilpa Medicare (SHILPAMED)

Shilpa Medicare trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-12-05 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 642315

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	853.75	865.10	877.25	847.00	0.423 times
04 Wed Dec 2024	868.50	895.00	895.00	861.10	1.056 times
03 Tue Dec 2024	890.80	905.80	928.00	880.80	0.699 times
02 Mon Dec 2024	899.90	918.65	943.20	893.60	1.286 times
29 Fri Nov 2024	898.05	903.00	908.00	890.20	0.61 times
28 Thu Nov 2024	894.80	902.00	923.90	890.65	0.652 times
27 Wed Nov 2024	894.55	894.30	908.30	881.05	0.746 times
26 Tue Nov 2024	888.40	906.20	915.00	879.15	0.968 times
25 Mon Nov 2024	897.20	939.90	943.65	890.40	0.718 times
22 Fri Nov 2024	912.80	947.05	955.00	905.00	1.471 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 853.5 as stoploss in an intra day buy trade for a target of 879.43. However, stock will show a bearish move below 853.5.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	656.00
Downside Target	746.05
Downside Target	797.90
Downside Target	837.50
Upside Target	878.00
Upside Target	909.90
Upside Target	919.90
Upside Target	943.20
Upside Target	943.65
Upside Target	955.00
Upside Target	959.50

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	819.43
Downside Intraday Target	785.12
Upside Intraday Target	915.63
Upside Intraday Target	977.52
Upside Intraday Target	881.32

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	853.75	918.65	943.20	847.00	0.938 times
29 Fri Nov 2024	898.05	939.90	943.65	879.15	0.782 times
22 Fri Nov 2024	912.80	873.00	955.00	837.50	1.5 times
14 Thu Nov 2024	873.25	853.70	909.90	810.10	3.158 times
08 Fri Nov 2024	852.00	837.90	878.00	810.00	0.859 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	853.75	918.65	943.20	847.00	0.274 times
29 Fri Nov 2024	898.05	844.50	955.00	810.00	1.709 times
31 Thu Oct 2024	844.15	812.00	919.90	747.10	0.576 times
30 Mon Sep 2024	813.50	770.00	959.50	746.05	0.86 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shilpa Medicare (SHILPAMED)

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Shilpa Medicare stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Shilpa Medicare in short term but the sell signal is initial and weak.

Shilpa Medicare Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shilpa Medicare in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Shilpa Medicare is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 892.76 and Shilpa Medicare (SHILPAMED) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Shilpa Medicare (SHILPAMED) stock. Volume based technical analysis of Shilpa Medicare (SHILPAMED) stock is negative.

Shilpa Medicare Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.